Deutsche Bank acquires UK broker Numis
Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
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Banking Sector
Banque du Caire launches central security unit
Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
HSBC Oman merges with Sohar International Bank
HSBC Bank Oman merged with Sohar International Bank of Oman on Thursday, according to Muscat Stock Exchange (MSX).
Fitch: Egyptian banks’ capital ratios can withstand a further pound depreciation
Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported…
Egypt’s parliament Oks conditions for licensing foreign lenders
Egypt’s parliament resumed on Sunday discussing the government's new drafted law on the Central Bank of Egypt (CBE)…
Egyptian banking sector’s net profits reach $4bln during 2019
Banks operating in the Egyptian market achieved net profits of 83 billion Egyptian pound ($ 4 billion) by the end…
$200bn pumped into Egypt’s banking sector since 2016: Amer
Central Bank of Egypt (CBE) Governor Tarek Amer said that $200 billion have been injected into the Egyptian banking…
New banking bill likely to be referred to Egypt’s parliament before May-end
A new bill on Egypt's banking sector is expected to be referred to the House of Representatives before the end of…